Multiple Choice
The implied authority of each partner to bind the other partners in the partnership does not include authority to:
A) hire employees.
B) buy and sell trading stock.
C) give a guarantee on behalf of the partnership.
D) write cheques on behalf of the partnership.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: As the trustee owns the trust property
Q2: An implied trust arises:<br>A)when the settlor expressly
Q4: Which special legislation applies to a sole
Q5: Doris and Dillon Davies were partners in
Q6: A trust, as a business structure, need
Q7: Jill sets up a trust for the
Q8: Each partner is obliged to act in
Q9: X and Y are partners.Z is a
Q10: If a franchisor breaches the Franchising Code
Q11: In relation to torts and crimes partners